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20121203
20121203
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nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservative. his company is not highly leveraged and has ove
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
a home. if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at home getting deals,
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... music: "make someone happy" music: "make someone happy" ♪it's so important to make meone happy.♪.♪it's so e ♪make just one heart to heart you - you sing to♪ ♪one smile that cheers you ♪one face that lights when it nears you.♪ ♪and you will be happy too. 44 minutes after the top of the hour. turkey deployed pariot missiles . tell help to defend against possible attacks. customers of new jersey power company jcp&l are up in arms and they are about to be slammed with a hurricane price hike. they want to raise the monthsly bills by 1.4 percent. >> steve: a hol
, a report about the problem will be presented to the city council's transportation and environment committee. >>> the public has been invited to a meeting tonight about the search for a new police chief for san jose. during that meeting, city officials will ask for ideas about what quality should be considered in evaluating candidates for the job. the meeting is due to begin at 67:30 at the mayfair community center. >>> want to check in with tara again. >> there is a new accident on 680 southbound. there is a car blocking the lane there. it doesn't appear to be causing too much of a backup. right now we're gonna head outside and you can see the east shore freeway is pretty much a mess. i have red arrows that about all the way from the bay bridge up to richmond. so different yourself some extra time if you need to head west on interstate 80. up next we'll take a look at the bay bridge toll plaza. you can see there is a lot of traffic here. it's been like this since about 6:00 this morning. give yourself some extra time if you need to head into san francisco. 280 in san jose, the traffic is no
americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term horizons, you should be looking out what type of risk you can look at in the portfolio. the big dynamic change has been risks moving from i do not want to miss the upside to a game i want to watch and protect my principal. it is about risk budgeting now more than the way i need to allocat
environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone touchdown after mark sanchez was benched with tim tebo
Search Results 0 to 6 of about 7